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The Accomodator Defined IRS Tax Code 1031 regulations require the use of a qualified intermediary. Accomodator, Facilitator or QI all refer to this function.
One of the safe harbors of the regulations is the use of an Accomodator to facilitate the Exchange. Both the sale of the relinquished property and the acquisition of the replacement (upleg) property must "flow" through the Accomodator. This is done through direct deeding of the properties to avoid duplicate transfer taxes.
The Accomodator may not be the taxpayer or an agent of the taxpayer (realtor, attorney, tax advisor, banker, accountant, employee, etc.) or lineal descendant of the Exchanger.
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